The ASX 200 is headed for a test of 4500. Declining volume is typical of such a rally; a surge would indicate increased selling pressure — especially when accompanied by a narrow range or red candle. Expect resistance at 4500 to hold, followed by another test of support at 4000.
* Target calculation: 4000 – ( 4500 – 4000 ) = 3500
If this is an example of a dead cat bounce then what would we look for in a real bounce… vs what we see above.
thx
Good question. I will post an answer in a few minutes. Regards, Colin
you should put your images in your RSS feed, so people looking at the RSS feed see the image you post (like other blogs do)
Adam, If I click on the links in my RSS Feed, the images are displayed. Are you talking about displaying images with the links? Regards, Colin
Keep up the good work. hope you healthy, weathy and wise. 🙂